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Yo_Mama_Been_Loggin

(108,072 posts)
Sat Apr 30, 2022, 01:36 PM Apr 2022

Pres. Biden changing his mind on student loan forgiveness 'is a tremendous victory,' Rep. Pressley

President Joe Biden recently said that he's considering some level of broad-based student loan forgiveness in the coming weeks, and one Democrat who has repeatedly pushed for cancellation says that's major progress.

"All we know is that the President has expressed an openness to to cancel some debt... that in its in and of itself, is a tremendous victory," Congresswoman Ayanna Pressley (D-MA) told Yahoo Finance in an exclusive interview (video above), later adding: "Any relief that we can provide people in the midst of unprecedented economic hardship as we begin to round the corner and head into a recovery from this pandemic induced recession would make a difference."

Pressley, alongside Senate Majority Leader Chuck Schumer (D-NY), and Senator Elizabeth Warren (D-MA) have repeatedly called on Biden to cancel $50,000 in student loan debt immediately via executive order on the premise that there is sufficient legal backing for the administration to do so.

"This is about the president keeping his word," Pressley stressed. "He has the authority, and I think he has a mandate from this electorate... this is about being responsive to the multi-generational, multiracial coalition, which decisively elected him."

https://finance.yahoo.com/news/student-loan-forgiveness-biden-pressley-141234731.html

6 replies = new reply since forum marked as read
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Pres. Biden changing his mind on student loan forgiveness 'is a tremendous victory,' Rep. Pressley (Original Post) Yo_Mama_Been_Loggin Apr 2022 OP
She Does Know He Could Only Do Fed Loans...Yes? Me. Apr 2022 #1
Sure, they all know that. But it is an election year, afterall. Budi Apr 2022 #4
Games Me. Apr 2022 #5
really? dsc Apr 2022 #6
While this is good news, I will wait for the other shoe to drop before cheering. Fiendish Thingy Apr 2022 #2
Nice spin. He still Can't "cancel all student debt" like the base is demanding. Budi Apr 2022 #3
 

Budi

(15,325 posts)
4. Sure, they all know that. But it is an election year, afterall.
Sat Apr 30, 2022, 03:13 PM
Apr 2022

They could have easily written their own bill long ago & got it to Biden's desk for signature.
So, why didn't they?
Can someone ask them?

This "still won't be enough", followed by "why did it take him so long"?

When they all know the power was in these legislators hands all along.

dsc

(52,164 posts)
6. really?
Sat Apr 30, 2022, 10:32 PM
Apr 2022

And just how would this be with the Senate? No way, no how do we have even 50 votes in the Senate for that ( I am very sure Manchin would be opposed)

Fiendish Thingy

(15,631 posts)
2. While this is good news, I will wait for the other shoe to drop before cheering.
Sat Apr 30, 2022, 03:08 PM
Apr 2022

Once Biden announces exactly what his plan is, then I will decide whether to applaud.

 

Budi

(15,325 posts)
3. Nice spin. He still Can't "cancel all student debt" like the base is demanding.
Sat Apr 30, 2022, 03:09 PM
Apr 2022

So stop it.
CoSign one of the current bills in Congress to do so.
Or use your Legislative powers to write your own bill.

Inform your base that Biden just cannot do it all.
Be truthful.

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